Redland Bay, Queensland

Beautiful Bayside Lifestyle and Great Management Rights Business

$1,748,000

Property Description

- Solid Net Income $224,503, Total Asking for $1,748,000
- Located in the leafy, Bayside suburb of Redland Bay, about 1km to beach
Within strolling distance to the shops, Redland Bay pub, meandering foreshore walking paths, boat jetty and the stunning bay
The golf course, shopping centres, medical centres, restaurants, cafes, childcare and schools are just a few minutes away
Redland Bay is ideally located approximately 1 hour to the Gold Coast and 1 hour to Brisbane CBD and Brisbane Airport
- Well- presented complex provides the perfect environment to relax in
- Very well run business, all procedures documented
- Body Corporate very fantastic and supportive to work with
- Long agreement 21 years left on a 25 years accommodation module
- A great manager remuneration $104,462 with annual adjustment of CPI
- The turnover of tenants is very low, keeping inspections and paperwork to a minimum
- Modern and fantastic 252 m2 manager residence
Freestanding Two Storey house, a big living/dining area, spacious family room, modern and open plan kitchen, three bedrooms, good study room, two bathrooms, one separate toilet, double garage and a large rear patio and entertaining garden area
- Ideal for a family or semi-retired couple looking for a solid income and great lifestyle

This is a rare opportunity to purchase such a beautiful lifestyle permanent management right! Come and take a look we are sure you will be impressed!
Please book your inspection with NEXT team as Exclusive Agency.

Property Summary

Business Snapshot

Price: $1,748,000 Net Profit: $224,503 Remuneration / Body Corp Salary: $104,462Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $580,000Bedrooms: 3Bathrooms: 2Office: On TitlePets OK: Yes
Freestanding Two Storey house, a big living/dining area, spacious family room, modern and open plan kitchen, three bedrooms, good study room, two bathrooms, one separate toilet, double garage and a large rear patio and entertaining garden area

Complex Information

Complex Type: PermanentTotal Units in Complex: 0Total Units in Letting Pool: 66Permanent Units: 66Agreement Term: 25 yearsAgreement Term Remaining: 21 years
Marketing Agent
David Jiang
David Jiang

David Janett
David Janett

Next Business & Property Sales
Next Business & Property Sales

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